XN000022-1989-04-27 — Page 24

22

THURSDAY, APRIL 27, 1989

MR HUI SAID, HE WOULD IF, HOWEVER, A SALES TAX MUST BE LEVIED,

LUXURIOUS GOODS ONLY, SUCH AS INSIST THAT SALES TAX BE IMPOSED ON

TAX MUST NOT EXCEED THREE PER JEWELLERY, THAT THE RATE OF SALES

GIVEN TO EXPORTERS, CENT, AND THAT ALLOWANCES AND REFUNDS SHOULD BE SMALL RETAILERS AND THE "SANDWICH CLASS".

FURTHERMORE, WELFARE EXPENDITURE SHOULD BE INCREASED

COMPENSATION FOR

LARGE

AND FAMILIES

INFLATIONARY

SINGLE-PARENTS ON PRESSURES IMPOSED

то OFFER PUBLIC

BY

THE

ASSISTANCE WHO SUFFERED THE SALES TAX, HE SUGGESTED.

TURNING

то

THE

WELFARE OF

THE

CLASS,

MR

HUI

IN THE

OF

UP

TO

SANDWICHED

DOWN-PAYMENTS

SUGGESTED THAT THE GOVERNMENT OFFER THEM FINANCIAL ASSISTANCE

PURCHASE ON HOME FORM OF TAX CONCESSIONS $50,000 FOR FIRST-TIME HOME BUYERS,

PARTIAL, SHOULD FINANCIAL BURDEN OF THE

"TAX CONCESSION ON MORTGAGE PAYMENTS, FULL OR BE PROGRESSIVELY INTRODUCED TO RELIEVE THE SANDWICHED CLASS. HE ADDED.

"

HE SAID THE

SHOULD GOVERNMENT

CONSIDER BUILDING MORE

HOME

OWNERSHIP FLATS CATERING TO THE SANDWICHED CLASS.

+1

MAKE CHANGES ΤΟ CONSIDER A KONG HONG

AS THE PROVISIONAL HOSPITAL AUTHORITY BEGINS TO TO OUR MEDICAL AND HEALTH SERVICES, IT IS ALSO TIMELY

TAX WITH

CONCESSION BY WHICH MEDICAL INSURANCE SCHEME PEOPLE, PARTICULARLY THE SANDWICHED CLASS, CAN BENEFIT MEDIUM-PRICED HOSPITAL SERVICE," HE SUGGESTED.

FROM PRIVATE,

MIRIAM LAU PRAISES 1989 BUDGET

THE 1989-90 BUDGET SHOWS THAT DUE CONSIDERATION HAD BEEN TO THE CURRENT NEEDS OF THE PEOPLE AND, AT THE

GIVEN

SAME TIME, HAD NOT то ADOPT THE APPROACH OF CAREFUL LOST SIGHT OF THE NEED

FORWARD PLANNING, THE HON MIRIAM LAU SAID TODAY (THURSDAY).

BUDGET

DEBATE, RESERVE BUILDING THAT WE INFRASTRUCTURAL

SPEAKING IN THE LEGISLATIVE COUNCIL DURING THE MRS LAU SAID THAT THE TRANSFER OF MONEYS TO THE CAPITAL WORKS FUND AND THE DEVELOPMENT LOAN FUND TO PAVE THE WAY FOR MAJOR

AND MOVE,

WOULD ENSURE PROGRAMMES WAS A PRUDENT AND WISE

WITH WOULD

HAVE

DEVELOPMENT.

FINANCES ADEQUATE

ΤΟ

PROCEED

THAT THE PROPOSED 13.8 PER

ON SOCIAL WELFARE, MRS LAU SAID CENT INCREASE IN EXPENDITURE WAS, IN REAL TERMS, MINIMAL..

/SHE SAID